Inflation in the Greater Tokyo Area, a reliable early indicator of price trends throughout Japan, rose less sharply than expected in June. Prices rose by 3.1% year-on-year, compared with a rise of 3.4% during the previous month, Commerzbank's FX analyst Volkmar Baur notes.
The Aussie Dollar hit a fresh seven-month high at 0.6660 earlier on Friday but has failed to consolidate at those levels and is pulling lower at the time of writing, with investors paring back US Dollar shorts ahead of the release of the US PCE Prices Index report.The pair remains on track for a 1.
The US Dollar has found some buyers at the 1.3610 area and is trading with marginal gains on Thursday, with investors awaiting key data releases from the US and Canada, due later today.The pair, however, remains on its back foot, trading 0.9% lower so far this week, as the easing geopolitical concer